Associate - Asset Management
UK-London
Hines
Req #: 13642
Type: Full-Time
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Overview: When you join Hines, you will embark on a career journey fueled by vision and guided by leaders who set the standards of our industry. Our legacy is rooted in innovation and excellence, earning us a spot on Fast Company's esteemed annual list of the World's Most Innovative Companies, as well as recognition as one of U.S. News & World Report's Best Companies to Work For in 2024. Discover endless opportunities to grow and make your mark at Hines. Responsibilities: As an Associate - Asset Management with Hines, you will be responsible for providing analytical support to the asset management team that is required for value-creation on the retail asset class. Responsibilities include but are not limited to: * Prepare and maintain property cash flow models in Excel to support budgeting, valuation and investment decision making. Prepare and maintain investment models to calculate investment returns and cash flow waterfalls. * Participate in the annual budgeting process. Review materials prepared by operating partners and property managers. Prepare summary schedules. Help prepare asset management plans for presentation to senior management. * Gather and analyze market data to understand each property's position in the market. Support asset managers to ensure properties are competitively priced relative to their competitive set. * Provide assistance to asset managers on assets whilst under management, dispositions and refinancings, as requested. Gather and organize property information; help prepare materials for pitchbooks and deal rooms; help evaluate purchase offers, etc. * Gather and organize materials used to support property valuations. Interface with third-party appraisers and brokers, responding to questions. * Assist with requests related to lender reporting, such as preparing cash flow projections to ensure compliance with DSCR and LTV covenants. * Support the asset management and acquisition teams on various underwriting and due diligence activities. * Periodically accompany asset managers on site visits to develop relationships with the property team and to evaluate the condition of the property, housekeeping and grounds. * Attend industry events to learn about innovative technologies, market trends, etc. * Serve as a team member of various project teams as required to facilitate company needs. * Act as a team member with all Hines employees. * Comply with all Hines policies and procedures. Qualifications: Minimum Requirements include: * Degree in Estate Management, Property Economics or equivalent. * Five or more years of experience working in the commercial real estate industry for a real estate company with responsibility for financial analysis, leasing/marketing activity oversight, and execution of strategic plans. * Ability to work independently and needs a minimum oversight. * Possess the highest degree of integrity. * Excellent verbal and written communications skills. * Excellent interpersonal skills. * Ability to think creatively and contribute to project success. * Ability to manage a variety of tasks within a tight time schedule. * Ability to analyze real estate from a strategic point of view. * Well organized with a strong attention to detail. * Proficiency with Excel, Word and PowerPoint. Argus valuation software is valuable.
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